The earnings call highlighted strong financial performance, product expansion, and opportunities due to regulatory clarity. However, it was offset by a significant decline in trading volume and a costly data breach incident. While Coinbase is poised for growth, challenges remain due to market volatility and security concerns.

Company Guidance -

Q3 2025

During the Coinbase second quarter 2025 earnings call, significant guidance was provided regarding the company's financial performance and strategic direction. The company reported total revenue of $1.5 billion and a positive adjusted EBITDA of $512 million. Net income reached $1.4 billion, while adjusted net income was $33 million. Despite a 40% decline in total trading volume, subscription and services revenues amounted to $656 million. Coinbase emphasized its strategic focus on expanding its asset listings, with over 300 assets currently available, and the integration of decentralized exchanges. Additionally, the firm highlighted its derivatives product suite, including the recent launch of perpetual futures in the U.S. Furthermore, Coinbase discussed its acquisition of Deribit and its plans to explore tokenized equities as part of its everything exchange strategy. For the third quarter, Coinbase anticipates subscription and services revenue between $665 million and $745 million, with technology and development, and general and administrative expenses projected to be between $800 million and $850 million.

Strong Financial Performance

Total revenue reached $1.5 billion, with positive adjusted EBITDA of $512 million. Net income was $1.4 billion, and adjusted net income was $33 million.

Expansion of Product Offerings

Coinbase is integrating decentralized exchanges into the app, launched 24/7 trading of Bitcoin and Ethereum contracts, and acquired Deribit, the leading crypto options exchange.

Growth in Payment Solutions

Coinbase is expanding its full-stack payment solutions, announcing stablecoin payment APIs with partners like Shopify. USDC is highlighted as the largest regulated dollar stablecoin.

Crypto-as-a-Service Adoption

Over 240 businesses using Coinbase's Crypto-as-a-Service capabilities, including BlackRock, PNC, Stripe, and PayPal.

Regulatory Clarity and Opportunities

Increased regulatory clarity is opening new opportunities for growth, including tokenized securities and regulatory engagement with the SEC.

Coinbase Global (COIN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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COIN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	1.18 / -	0.28	―	―	―
Aug 01, 2025	2025 (Q2)	1.25 / 5.14	0.14	3571.43% (+5.00)	―
May 08, 2025	2025 (Q1)	1.94 / 0.24	4.4	-94.55% (-4.16)	―
Feb 13, 2025	2024 (Q4)	2.26 / 4.66	1.04	348.08% (+3.62)	―
Oct 30, 2024	2024 (Q3)	0.41 / 0.28	-0.01	2900.00% (+0.29)	―
Aug 01, 2024	2024 (Q2)	0.95 / 0.14	-0.42	133.33% (+0.56)	―
May 02, 2024	2024 (Q1)	1.15 / 4.40	-0.34	1394.12% (+4.74)	―
Feb 15, 2024	2023 (Q4)	0.02 / 1.04	-2.46	142.28% (+3.50)	―
Nov 02, 2023	2023 (Q3)	-0.55 / -0.01	-2.43	99.59% (+2.42)	―
Aug 03, 2023	2023 (Q2)	-0.76 / -0.42	-4.98	91.57% (+4.56)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

COIN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$314.69	$318.17	+1.11%
May 08, 2025	$206.50	$199.32	-3.48%
Feb 13, 2025	$274.90	$298.11	+8.44%
Oct 30, 2024	$211.74	$179.25	-15.34%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.